Page 4 - Bharat Electronics Ltd

BEL hits record high on strong Q1 results; stock up 32% so far in 2023

The state-owned company saw 12.5 per cent YoY revenue growth to Rs 3,446 crore in Q1FY24, whereas total expenses climbed 9.4 per cent YoY to Rs 2,948 crore

Bharat Electronics bags defence, non-defence orders worth Rs 2,191 cr

Bharat Electronics Ltd (BEL) on Friday said it has received new defence and non-defence orders worth Rs 2,191 crore. The orders are for supplying long-range guidance kits with warheads, airborne jammers, battlefield short range surveillance radars upgrades, missile guidance radars, shallow water craft sonars and spares, among others, it said in a statement. The Bengaluru-headquartered defence major had received Rs 5,900 crore worth orders from the Navy earlier this month. With this, BEL has in all received orders worth Rs 8,091 crore so far this financial year, the statement said.

Defence shares in focus; HAL, Bharat Dynamics, BEL hit new highs

The defence sector looks well placed in terms of increasing domestic procurements by the government for our armed forces.

Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%

The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.

BEL, GSL ink pact to address global market opportunities in Naval platforms

Navratna Defence PSU Bharat Electronics Ltd (BEL) has signed an MoU with Goa Shipyard Limited (GSL) for co-operation in addressing global market opportunities for supply of state-of-the-art products such as autonomous boats, and other systems / solutions based on Artificial Intelligence for Naval platforms. The pact was inked on the sidelines of the ongoing Aero India 2023, Asia's largest air show, at Air Force Station Yelahanka here. BEL CMD Bhanu Prakash Srivastava, and GSL CMD Brajesh Kumar Upadhyay exchanged the MoU documents, a BEL statement said.

HAL, BDL, BEL: Higher defence budget may spark fresh rally in related stks

Bharat Dynamics, Hindustan Aeronautics, and Bharat Electronics have skyrocketed 87 per cent, 79 per cent, and 44 per cent, respectively, since Budget 2022

BEL's sales trajectory will sustain on multiple growth opportunities

Investors may consider buying the stock on dips, say experts

BEL, UK-based Smith Detection to build high-tech scanners within 3 years

Under the deal, BEL will handle front-end requirements in the market and support localisation of projects, while Smiths Detection will provide screening tech

F&O Strategy: Nandish Shah recommends a Bull Spread on BEL for July expiry

The technical analyst from HDFC Securities recommends buying BEL 240 Call and simultaneously selling 250 Call of the July expiry.

NHPC, BEL ink pact to set up solar equipment manufacturing facility

NHPC on Tuesday signed an initial pact with Bharat Electronics Ltd (BEL) to set up a large capacity solar equipment manufacturing facility. "A Memorandum of Understanding (MoU) has been signed between NHPC and BEL...for setting up of gigawatt scale vertically integrated solar manufacturing unit," a BSE filing said. The MoU was signed by Biswajit Basu, Director (Projects), NHPC and Vinay Kumar Katyal, Director (Bangalore Complex), BEL. State-owned hydro power giant NHPC has an installation base of 7071.2 MW from 24 power stations including two projects in JV mode. It is engaged in the construction of 11 projects aggregating to a total installed capacity of 7,539 MW. During 2021-22, NHPC power stations achieved generation of 24,855 MU (million units). Last fiscal, NHPC reported Rs 8,181 crore as income from sale of power with a net profit of Rs 3,538 crore.

After HAL and BEL, now Bharat Dynamics eyes record high. Here's why

Bharat Dynamics has more-than-doubled in 2022 so far, however, the stock still trades 14 per cent shy from its historic peak.

Growth trajectory remains strong for defence major Bharat Electronics

Healthy order book, tender pipeline and margin improvement are positives

Bharat Electronics rallies 5% post Q1 results, strong order book position

With the healthy order book at Rs 55,333 crore, strong pipeline of orders and better margin profile, BEL is well placed to grow its earnings in double digits in the next couple of years, analyst say.

Stocks to Watch: RateGain, Yes Bank, Burger King, Tarsons, EaseMyTrip, BEL

Supriya Lifescience IPO seems to be reasonably priced, read detailed analysis

HAL signs Rs 2,400 cr contract with BEL for supply of avionics for LCA

This is the biggest ever order received by BEL for avionic systems

Sameet Chavan of Angel Broking is bearish on Bajaj Finance; check why

Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'

Defence stocks rally as MoD puts 108 items on import ban list; BEL up 6 %

The MoD, on Monday, announced a list of 108 items of defence equipment that must be compulsorily procured from indigenous sources according to provisions in the Defence Acquisition Procedure 2020

Bharat Electronics achieves record turnover of Rs 13,500 cr during 2020-21

Navaratna defence PSU Bharat Electronics Limited has achieved a record turnover of about Rs 13,500 crore (Provisional & Unaudited) during 2020-21, against previous financial year's figure of Rs 12,608 crore in spite of the challenges posed by COVID19 pandemic & intense competition in business. BEL's order book as on April 1 this year is around Rs 53,000 crore, the Bengaluru-headquartered company said in a statement. In 2020-21, BEL said it secured orders worth Rs 15,000 crore. Some of the major orders acquired during the year are: ICU ventilators, software defined radios & communication equipment, various types of radars, sonars, torpedo decoy systems, electronic warfare systems, networking & encryption products, and smart city projects. BEL achieved export sales of around USD 50 million during 2020-21. Major products exported include coastal surveillance system, trans-receive (TR) modules, 'Bharati Radio', 'Identification of Friend or FoeInterrogator' ...

Defence ministry, BEL ink pact to procure ship-borne modern radio system

The deal is worth over Rs 1,000 crore

BEL upbeat on defence biz prospect, seeks to ride govt's self-reliance push

Defence contributed 82 per cent of sales revenue of BEL in 2019-20, up from 68 per cent in the previous fiscal